nobody wants to see and principlely those cuts in defense will be very, very onerous according to the pentagon and everybody else. do you think that this is a feint or what they need to do just because it takes a while to get these things in order? >> well, you know, i'll leave it to them to decide whether it's a feint but it's dangerous. the defense cuts are devastating, they shouldn't happen, and by the way, they'll be a domestic cuts of comparable quality. actually that's really the republican leverage in the debate, not the tax issue but the spending cuts if we dealt with the tax cuts for 98%, spending cuts would still be there, still have the leverage we need. but look, probably the white house is being prudent. but this is serious. there's a strong disagreement but in the end the two sides have been able to negotiate in the past, speaker boehner's very good negotiator, negotiating the extension of the bush tax cuts two years ago, budget deal in 2011, debt ceiling deal in august of 2011, all those things have led to prosperity or -- faster growth and less spending. i think we should conti